Singapore Stocks Reclaim Record High on Haven Demand in Iran War

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By Bernadette Toh

May 19, 2026 at 6:37 AM UTC

Updated on

May 19, 2026 at 7:08 AM UTC

Singapore stocks climbed to a record as investors sought defensive havens during volatility sparked by the Iran war.

The Straits Times Index rose as much as 1% on Tuesday to 5,047.54, surpassing its previous intraday record on Feb. 23. Top contributors to the gain include Thai Beverage PCL, Singapore Telecommunications Ltd., and CapitaLand Investment Ltd.